OpenAI reportedly signs massive $300B cloud deal with Oracle
OpenAI just reportedly signed a staggering $300 billion computing deal with Oracle spanning roughly five years, kicking off in 2027. The contract fuels the massive 4.5-gigawatt Project Stargate initiative, completely dwarfing OpenAI's expected $12.7B revenue this year. The mega-deal helped Oracle's future contract revenue surge past $317 billion, sending its shares soaring.